It was constructed by the master mason and developer Johan Peter Boye Junge [da], who also constructed the buildings at Pilestræde 37 and Pilestræde 41–45 in conjunction with his creation of the street Kronprinsensgade.

Jacob Trier's grocery business was for more than one hundred years—from the late 1840s until at least the 1950s—based in the building.

On 24 July 1672, it was sold at auction to storkansler Conrad von Reventlow (1644–1708).

A large four-winged building complex surrounding a central courtyard occupied the half of the property that faced the more prominent street Købmagergade.

The half of the property that faced the quieter street Pilestræde was the site of a large garden complex.

[2] In 1783 the property was acquired by the master builder Johan Peter Boye Junge [da] (1735–1807), who was shortly thereafter granted royal permission to establish the new street Kronprinsensgade on the land.

Cecilie Isaacsen, an unmarried woman with means, was also residing on the first floor.

Rebecka Friedlænder, a widow, resided on the fourth floor with three unmarried daughters (aged 24 to 31) and one maid.

Georg Julius Hauch Bentzen, a captain in the 1st Infantry Battalion, resided on the fifth floor.

Trier resided on the ground floor with his wife Cecilie (née David), their four children (aged four to 13), his sister-in-law Sophie David, a grocer (urtekræmmersvend), a grocer's apprentice and three maids.

[8] Sophie Caroline Lund, a widow employed with needlework, resided on the first floor with master tanner Ditlef Fred.

In 1919, it was acquired by Johannes P. Jarding (born 1873) and continued as Jacob Trier's Eftf.

The three central bays of Pilestræde 39 form a slightly projecting median risalit crowned by a three-bay wall dormer in the mansard roof.

The dentiallated cornice continues across the three-bay wall dormer as a blank frieze.